Resignation of Supervisory Board Member of Arctic Paper S.A.

The Management Board of Arctic Paper S.A. („the Company”) herewith informs that
on 16th August 2016 the Company has received an information that the Member of
the Supervisory Board of Arctic Paper S.A. Mr. Rune Ingvarsson, resigned from
his position in Supervisory Board of the Company effective from 14th September
2016.

The resignation was justified with personal reasons.
For additional information, please contact:

Per Skoglund, acting President of the Management Board of Arctic Paper, tel.
+46 733 21 70 09

This information is disclosed pursuant to Minister of Finance directive of
February 19, 2009 on current and periodic information provided by issuers of
securities, and on conditions of equivalence of information required to be
provided under non-Member State law, §5, clause 1, item 21 and was submitted for
publication on 16th August 2016 at 3:00 pm CET, in reference to Arctic Paper’s
current report no. 19/2016 filed with the Warsaw Stock Exchange.